Transformation across different industries is inevitable, while some sectors find it easier than other industries to accept and adopt tech innovation and respond to new challenges as the industry is being widely digitized. Some traditional sectors, such as AEC (Architecture, Engineering, Construction) are having a difficult time responding to these innovations as industries are being broadly digitized. What can AEC companies do to facilitate innovation and respond to these challenges?
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Challenges that AEC Companies are Facing
One of the biggest challenges for the AEC sector is responding appropriately to the pressure of costs building up since the very beginning of every project these firms take on. There are lesser margins, the markets are growing more competitive and the complexity of projects is also on the rise. The second most common problem is sustainability. With the popularity of eco-friendly buildings and green homes, AEC companies need to find a way to reduce waste. AEC projects also include high risks, tight deadlines with probabilities of prolonging projects and breaking the deadline. Project management, security, and safety, as well as prevention of accidents on the site, should also be addressed as challenges.
How Can the AEC Sector Solve These Problems Through Innovation?
The answer to challenges AEC companies are going through is in many ways embracing digitization. Advanced technology and prominent partnerships with other companies should help the AEC sector reduce the cost pressure. Also, recycling and reducing waste by adopting green construction trends should help AEC with sustainability. Building Information Modeling should help the AEC to enable digitized collaboration, prevent errors, reduce risks and improve the overall efficiency for construction projects and other work related to the industry. The Internet of Things and real-time data should also help innovation in the sector, enabling automation. Besides, the Internet of Things and real-time data should enable more efficient planning and management.
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